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  5. > The Global Car Rental Industry 2016-2021: Trends, Forecast, and Opportunity Analysis

According to a new market report published by Lucintel, the future of the global car rental industry looks good with opportunities in the on-airport and off-airport market segment. The global car rental industry is forecast to grow at a CAGR of 5.6% from 2016 to 2021. The major drivers of growth for this market are rising global tourism industry, increasing globalization of corporate operations, and increasing income levels across the globe.

In this industry, car rental location (On-Airport and Off Airport), customer type, vehicle type, and mode of booking (Online and offline) are some of the major segments of car rental market. On the basis of its comprehensive research, Lucintel forecasts that the location and mode of booking segments are expected to show above average growth during the forecast period.

Within the global car rental industry, On-Airport and Off-Airport segment is expected to remain as the largest segment. Increase in air travel and domestic tourism is expected to increase the customers in airport locations, which would spur growth for this segment over the forecast period.

Asia Pacific is expected to remain the largest market due to rapid urbanization and increased expenditure on traveling by domestic tourists. North America and Rest of the World are expected to witness significant growth over the forecast period because of improving economy, increasing domestic as well international tourists, and high quality road infrastructure.

For market expansion, the report suggests development of new and value added service to enhance the performance of car rental services. The report further suggests the development of partnerships with customers to create win-win situations and development of low-cost solutions for customers.

Emerging trends, which have a direct impact on the dynamics of the industry, include enhanced user experience through digitization, introduction of green vehicles in car fleet, enhanced technologies in car rental service, and concept of self-drive instead of hiring driver. Enterprise Rent-A-Car, Hertz Global Holdings, Inc., Avis Budget Group Inc., Europcar Groupe S.A., and Sixt AG are the major car rental service providers in the global car rental industry. Some companies are opting for merger & acquisition as strategic initiatives for driving growth.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the global car rental industry by location, customer, vehicle type, mode of booking, and region and has come up with a comprehensive research report, “The Global Car Rental Industry 2016-2021: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a springboard for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions.

The study includes the forecast for the global car rental industry through 2021, segmented by location, customer, vehicle type, mode of booking, and region as follows:

By location ($ billion from 2010 to 2021):
On-Airport Off Airport

By customer ($ billion from 2010 to 2021):
Business Leisure Others

By vehicle type ($ billion from 2010 to 2021):
Luxury cars Executive cars Economy cars SUV’s MUV’s

By mode of booking ($ billion from 2010 to 2021):
Online
Offline

By region ($ billion from 2010 to 2021)
North America Europe Asia Pacific Rest of the World
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.

Some of the features of “The Global Car Rental Industry 2016-2021: Trends, Forecast, and Opportunity Analysis” include:

Market size estimates: Global car rental industry size estimation in terms of value ($ Billion).

Trend and forecast analysis: Global car rental industry size trend (2010-2015) and forecast (2016-2021) by region and segments.

Segmentation analysis: Global car rental industry size by various vehicle types such as executive cars, luxury cars, economy cars, SUVs and MUVs in terms of value.

Regional analysis: Global car rental industry size breakdown by key regions such as North America, Europe, Asia Pacific, and Rest of World.

Growth opportunities: Analysis on growth opportunities in different segments and regions.

Strategic analysis: This includes M&A, new service development, competitive landscape, and expansion strategies of global car rental industry players.

Emerging Trends: Emerging applications of global car rental industry in various markets.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Table Of Contents

The Global Car Rental Industry 2016-2021: Trends, Forecast, and Opportunity Analysis
1. Executive Summary
2. The Car Rental Industry Background and Classifications
2.1: Introduction
2.1.1: Industry Classification
2.1.1.1: The Global Car Rental Industry on the Basis of Customer
2.1.2: Markets Served
2.1.3: Supply Chain
3. Industry Trends and Forecast Analysis
3.1: Industry Analysis 2015
3.1.1: The Global Car Rental Industry by Location
3.1.2: The Global Car Rental Industry by Customer
3.1.3: The Global Car Rental Industry by Vehicle Type
3.1.4: The Global Car Rental Industry by Mode of Booking
3.1.5: The Regional Car Rental Industry
3.1.6: Industry Trends 2010-2015
3.1.7: Macroeconomic Trends
3.1.8: The Global Car Rental Industry
3.1.9: The North American Car Rental Industry Trends
3.1.10: The Europe Car Rental Industry Trends
3.1.11: The APAC Car Rental Industry Trends
3.1.12: The ROW Car Rental Industry Trends
3.2: Industry Drivers and Challenges
3.3: Industry Forecast 2016-2021
3.4: Macroeconomic Forecasts
3.4.1: The Global Industry Forecast by Value
3.4.2: The North American Car Rental Industry Forecast
3.4.3: The European Car Rental Industry Forecast
3.4.4: The APAC Car Rental Industry Forecast
3.4.5: The ROW Car Rental Industry Forecast
4. Competitor's Analysis
4.1: Services Portfolio Analysis
4.2: Industry Share Analysis
4.3: Growth Leadership Analysis
4.4: Porter's Five Forces Analysis Model
5. Growth Opportunity and Strategic Analysis
5.1: Growth Opportunities for the Car Rental Industry by Region
5.2: Emerging Trends in the Global Car Rental Industry
5.3: Strategic Analysis
5.3.1: New Service Development
5.3.2: Expansion Plans
5.3.2.1: Geographical Expansion
5.4: Growth Strategies for Car Rental Suppliers
5.4.1: Opportunities for Car Rental across the Globe
5.5: Mergers and Acquisitions in the Global Car Rental Industry
6. Company Profiles of Leading Players

List of Figures

Chapter 2. The Car Rental Industry Background and Classifications
Figure 2.1: Model T Ford
Figure 2.2: Classification of the Global Car Rental Industry
Figure 2.3: Supply Chain-the Global Car Rental Industry
Chapter 3. Industry Trends and Forecast Analysis
Figure 3.1: The Global Car Rental Industry ($ Billion) Distribution by Location in 2015
Figure 3.2: The Global Car Rental Industry ($ Billion) by Location in 2015
Figure 3.3: The Global Car Rental Industry ($ Billion) Distribution by Customer in 2015
Figure 3.4: The Global Car Rental Industry ($ Billion) by Customer in 2015
Figure 3.5: The Global Car Rental Industry ($ Billion) Distribution by Vehicle Type in 2015
Figure 3.6: The Global Car Rental Industry ($ Billion) by Vehicle Type in 2015
Figure 3.7: The Global Car Rental Industry ($ Billion) Distribution by Mode of Booking in
2015
Figure 3.8: The Global Car Rental Industry ($ Billion) by Mode of Booking in 2015
Figure 3.9: The Global Car Rental Industry ($ Billion) Distribution by Region in 2015
Figure 3.10: The Global GDP Growth Rate Trends
Figure 3.11: Contribution of the Global Travel and Tourism to the GDP Trends Growth
rate
Figure 3.12: The Global International Inbound Tourists Growth Rate
Figure 3.13: Trends of Regional GDP Growth Rate
Figure 3.14: Contribution of Regional Travel and Tourism to the GDP Trends Growth
Rate
Figure 3.15: Trends of the Global Car Rental Industry ($ Billion) from 2010 to 2015
Figure 3.16: Trends of the Global Car Rental industry ($ Billion) by Location from 2010 to
2015
Figure 3.17: Growth of the Global Car Rental Industry ($ Billion) by Location from 2010 to
2015
Figure 3.18: CAGR for the Global Car Rental Industry ($ Billion) by Location from 2010 to
2015
Figure 3.19: The North American Inbound Tourists Growth Rate
Figure 3.20: Trends of the North American Car Rental Industry ($ Billion) from 2010 to
2015
Figure 3.21: The European Inbound Tourists Growth Rate
Figure 3.22: Trends of the European Car Rental Industry ($ Billion) from 2010 to 2015
Figure 3.23: The APAC Inbound Tourists Growth Rate
Figure 3.24: Trends of the APAC Car Rental Industry ($ Billion) from 2010 to 2015
Figure 3.25: The ROW Inbound Tourists Growth Rate
Figure 3.26: Trends of the ROW Car Rental Industry ($ Billion) from 2010 to 2015
Figure 3.27: Drivers and Challenges of the Global Car Rental Industry
Figure 3.28: Forecast of the Global GDP Growth Rate
Figure 3.29: Contribution of the Global Travel and Tourism to the GDP Forecast Growth
Rate
Figure 3.30: Forecast of Regional GDP Growth Rate
Figure 3.31: Contribution of Regional Travel and Tourism to the GDP Forecast Growth
Rate
Figure 3.32: Forecast for the Global Car Rental Industry ($ Billion) from (2016 to 2021)
Figure 3.33: Forecast for the Global Car Rental Industry ($ Billion) by Location from 2016
to 2021
Figure 3.34: Growth Forecast for the Global Car Rental Industry ($ Billion) by location
from 2016 to 2021
Figure 3.35: CAGR Forecast for the Global Car Rental Industry ($ Billion) by location
from 2016 to 2021
Figure 3.36: Forecast for the Global Car Rental Industry ($ Billion) Distribution by
Customer in 2021
Figure 3.37: Forecast for the Global Car Rental Industry ($ Billion) by Customer in 2021
Figure 3.38: Forecast for the Global Car Rental Industry ($ Billion) Distribution by Vehicle
Type in 2021
Figure 3.39: Forecast for the Global Car Rental Industry ($ Billion) by Vehicle Type in
2021
Figure 3.40: Forecast for the Global Car Rental Industry ($ Billion) Distribution by Mode
of Booking in 2021
Figure 3.41: Forecast for the Global Car Rental Industry ($ Billion) by Mode of Booking in
2021
Figure 3.42: Forecast for the North American Car Rental Industry ($ Billion) from 2016 to
2021
Figure 3.43: Forecast for the European Car Rental Industry ($ Billion) from 2016 to 2021
Figure 3.44: Forecast for the APAC Car Rental ($ Billion) from 2016 to 2021
Figure 3.45: Forecast for the ROW Car Rental Industry ($ Billion) from 2016 to 2021
Chapter 4. Competitor's Analysis
Figure 4.1: Industry Presence of Major Players of the Global Car Rental
Figure 4.2: Industry Share Analysis of the Global Car Rental Industry in 2015
Figure 4.3: Car Rental Concentration by Industry Value in 2015
Figure 4.4: Growth Leadership Matrix in the Global Car Rental Industry
Figure 4.5: Porter's Five Forces Market Analysis Model for the Global Car Rental Industry
Chapter 5. Growth Opportunity and Strategic Analysis
Figure 5.1: Growth Opportunity in Car Rental Industry by Region
Figure 5.2: Emerging Trends in the Global Car Rental Industry
Figure 5.3: Major Capacity Expansion of the Global Car Rental Industry by Major Players
Figure 5.4: Growth Strategies for Car Rental Suppliers
Figure 5.5: Car Rental Opportunities across the Globe

List of Tables

Chapter 1. Executive Summary
Table 1.1: The Global Car Rental Industry Parameters and Attributes - Service
Perspective
Chapter 3. Industry Trends and Forecast Analysis
Table 3.1: Trends of the Global Car Rental Industry from 2010 to 2015
Table 3.2: Average Growth Rates for One, Three, and Five Years in the Global Car
Rental Industry
Table 3.3: Growth Rate and CAGR for the Global Car Rental Industry by Location
Table 3.4: Trends of the North American Car Rental Industry from 2010 to 2015

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